How is McDonald’s going to win back customers after E. coli outbreak?
Last Wednesday, after an E. coli outbreak left over 75 McDonald’s customers sick, visitor numbers fell by 6.4% nationwide, according to Placer.ai. In Colorado,...
Boeing selling 90 million shares of common stock
Boeing just announced that it will sell 90 million shares of common stock to raise up to $14 billion. Along with this, the company...
Philips lowered its 2024 sales growth forecast
Koninklijke Philips N.V. is adjusting expectations after a rough quarter marked by declining demand in China. The health-tech company lowered its 2024 sales growth...
China’s industrial profits declined in September
China’s industrial sector had a difficult September, with profits plunging by 27.1% compared to the same month in 2023. The drop marks the worst...
Scout Motors brought back by VW as electric vehicle company
Scout Motors, founded in the 1960s as a producer of agricultural machinery and trucks, is being brought back to life by Volkswagen as an...
Skechers reports impressive third-quarter results for 2024
Skechers reported impressive third-quarter results for 2024. The global footwear company achieved record sales in the third-quarter of $2.35 billion, a 15.9% increase year-over-year,...
DoJ reaches $101.98 million settlement for Francis Scott Key Bridge collapse
The US Department of Justice (DoJ) has reached a settlement of $101.98 million with the Singapore-based companies that owned and operated the container ship...
Boeing workers reject newly proposed contract
Boeing workers on the West Coast have rejected a newly proposed contract by the company, extending the strike of more than 33,000 employees to...
Tesla earnings per share rose by 9% in Q3 2024 to 72 cents
Tesla reported Q3 2024 results that surpassed Wall Street expectations as its cost per production unit dropped to a record low.
The electric vehicle (EV)...
IBM Q3 revenue rose 1% to $15 billion
IBM reported a mixed third-quarter earnings report on Wednesday, with an increase in revenue but a net loss of $330 million.
The net loss was...